Vodafone Idea 5G Expected to Be Launched in June: Report

Vodafone Idea 5G Expected to Be Launched in June: Report

Vodafone Idea, India’s third-ranked telecom operator and the only private telco which has not announced 5G plans, is likely to complete fundraising through a tie-up with banks, as reported by the New Indian Express, citing a senior Department of Telecommunications (DoT) official.

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Also Read: Vodafone Idea 5G Roll Out Will Begin Soon Says KM Birla: Report

Fundraising Progress

The fundraising discussions are in the final stages and are expected to conclude in June 2023, and Vi will also launch its 5G services during the month, according to sources familiar with the matter.

Funding and Deployment

Vodafone Idea’s ongoing discussions with banks to raise funds have been viewed positively by a senior Department of Telecommunications official. As a result, the telecom service provider is anticipated to make a fundraising announcement next month.

“As the company has maintained that it would start deploying its 5G network once the necessary funding is in place, I am expecting the company to start deploying 5G in June itself,” the report quoted the official as saying.

License Fee Dues and Funding Challenges

Vodafone Idea has made progress in clearing its license fee dues for the third quarter and has made partial payment for the fourth quarter, according to the telecom department official. It is worth noting that Vodafone Idea has been striving to raise funds for more than two years without much success. However, the recent tie-up with banks brings renewed hope for the company’s financial stability and future growth.